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  • Property-a-holics

    How many Landlords here use an agent? How many do not, and whats your reason for doing either?

    Hi Sally
    My view is that in an ideal world a letting agent would provide an immense benefit.
    Property management isn’t just about collecting rent. It’s about ensuring your property is always rented, ensuring you have the best possible tenants, and ensuring you’re getting the best possible rent. It’s about keeping the property well maintained, tracking expenses and income, and dealing with the legalities of leases and the rights of tenants.
    This is what letting agents do. It’s their core business and for a landlord, the benefits are significant.
    Using a letting agent should therefore save considerable time. Undoubtedly, you can juggle all of these elements yourself, and you’ll save yourself a small management fee... But what’s the cost? Do you want to work for your investment or do you want it working for you?
    BUT, this only works if you have a good letting agent. From personal experience a number of letting agents provide a less than poor service, and therefore it is better to do it yourself. Based on the service I’ve experienced in the past with my personal portfolio we use a letting agent to find the tenant but then manage it ourselves.
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